Voluntary disclosure – Good and bad news!

Want the good news first? – in terms of a proposed amendment to the Tax Administration Act voluntary disclosure relief will in future include relief of late payment penalties (for example the 10% late payment penalty levied in terms of the VAT Act). The bad news...

Input tax without a tax invoice? Never!?

The High Court of the Western Cape recently judged in the case of South Atlantic Jazz Festival (Pty) Ltd v SARS that where a vendor has sufficient information to prove its entitlement to an input tax credit, the input tax credit may be claimed notwithstanding the fact...

It is official – size does not matter!

What counts is length! On 25 March 2015 SARS issued Interpretation Note number 82. It deals amongst other things with when a bakkie is a bakkie and when a bakkie is a car – talk about an identity crisis! The distinction is off course important for VAT purpose,...